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Downtrend Resistance In Focus *RES 4:....>

GOLD TECHS
GOLD TECHS: Downtrend Resistance In Focus
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1324.6 - High Mar 25 
*RES 2: $1310.7 - High Apr 10 
*RES 1: $1299.0 - Downtrend resistance from Feb highs 
*PRICE: $1285.1 @ 06:23 GMT Apr 29 
*SUP 1: $1266.3 - Low Apr 23 
*SUP 2: $1252.4/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.5 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold recovered broken neckline resistance on Friday to shift the near term focus
positive and open down trendline resistance from the Feb highs at $1299.0. A
close above here would open the April 10 at $1310.7 high ahead of the March 25
high at $1324.6. On the downside bears look to take out Tuesday's low at $1266.3
to build downside momentum toward the 200-dma/Dec 10 high at $1252.4/1249.6.

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